The company also announced the date when it will split into two separate companies: its legacy North American grocery business, which will retain the Kraft name, and its international snack food business, which will be renamed Mondelez International.

The companies will become separate entities on October 1.

Kraft reiterated its previous forecast for the full year, anticipating a 9% increase in operating profit and about a 5% gain in revenue for 2012.

The company noted that a rising U.S. dollar had reduced the value of sales outside the U.S.